Sentences with phrase «many second lien»

Under the deal second lien debtholders will get $ 1.18 billion while CNOOC assumes first - lien notes for $ 825 million.

A joint venture of the holders of Bon - Ton's 8.0 percent second lien secured notes due 2021, Great American Group LLC and Tiger Capital Group LLC will...

But equity loan rates generally are one to two percentage points higher than rates on cash - out refinances because loans are a second lien — rather than a first — against your home.

A HELOC is a second lien or mortgage on your property.

An equity loan is a second lien or mortgage on your property.

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

In addition to senior debt, we offer second lien loans as a subordinated financing solution to increase your leverage.

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

If there's any money remaining after the first lien holder gets paid, then the holder of the second lien gets paid.

A VA Cash - Out Loan is fundamentally different than a standard home equity loan, which is a second lien against your property.

PNC Business Credit is a leading provider of cash flow lending and second lien financing.

iPayment Holdings, Inc. and iPayment, Inc. in the exchange of $ 509 million of iPayment Holdings» 15.00 % / 15.00 % senior notes due 2018 and iPayment Inc.'s 10.25 % senior notes due 2018 for a combination of $ 296 million 9.5 % second lien notes due 2019 and iPayment common stock and warrants.

Shares of Energy XXI Ltd (NASDAQ: EXXI) plummeted more than 75 percent early Thursday morning after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes...

Second Lien Modification (2MP) Program - Some homeowners struggle to make their monthly mortgage payments because they have a second lien.

Fortunately, there are some companies that are willing to place a second lien on your title.

Since 2MP is meant to be complementary to HAMP, a homeowner must have their first lien modified through HAMP before the second lien can be modified under 2MP.

Many second lien holders were left with nothing.

There are many other solutions offered, that are frequently adjusted to keep up with rapidly changing economy, such as financial incentives for people with good track of mortgage payments, foreclosure alternatives, second lien modifications, and so forth.

We have seen second mortgages (also called «second liens «-RRB- used to pay down first mortgages and eliminate mortgage insurance.

The closed - end second lien sets a fixed interest rate and a specific payment schedule.

Available for owner occupied 1 - 4 family residential properties or condominiums, second lien only.

The piggy - back allows buyers to take a conventional first mortgage with favorable terms, while concurrently giving them a second lien that provides them with cash ready for use.

«If the new maximum FHA loan is not enough to pay off the existing first lien, closing costs and arrearages,» said HUD, «the lender may execute a second lien at closing to pay the difference.

Unlike the Closed - End Second lien, the HELOC is a bit more flexible in its repayment.

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

Even if there is a second lien on your home, you could qualify for a refinance.

There are two distinct types of loans that can be taken out as part of a second lien: the Home Equity Line of Credit, and the Closed - End second.

You can pretty much guess that a lot of lenders will not be thrilled with this notion, especially holders of second liens who are likely to lose much or all of their investment.

2) As a standalone second lien.

Additional collateral requirements: First or second lien on the subject property.

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

In other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the property.

Mortgage lender (second lien and beyond)-- provides some money for the purchase, but in foreclosure gets paid after the first lien lender.

We have seen second mortgages (also called «second liens») used to -LSB-...]

Even the second lien - holder can initiate foreclosure.

The down payment is in the form of a gift that you are not required to pay back and there will not be second liens or deed restrictions against your property.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

There is no second lien on the property.

Although energy exposure is light, we see dicey credits including Valeant, Citgo, and second lien term loans.

Its investment portfolio consists of senior secured first lien loans and senior secured second lien loans.

With the HARP refinance program, second liens are meant to subordinate.

Some Chapter 13 debtors are able to strip their second lien, or eliminate it entirely, if the value of the home is less than the amount owed on the first trust deed.

I knew the second lien holder was holding out.

(loan amount 413k) Second lien BoA still waiting on.

Until the conflict between first and second lien holders is resolved, loan modification efforts and mortgage write - down programs will likely be met with very limited success.

Regardless of the name, the loan is characterized by a second lien on your home.

A second lien is held on your property in the amount of the advance.

Your account is immediately brought current upon approval of Partial Claim (also called Second Lien Advance).

An equity loan is a second lien or mortgage on your property.

The «Making Home Affordable» Program has four mortgage loan modification programs under its umbrella to help distressed homeowners: the Home Affordable Modification Program; the Second Lien Modification Program (2MP); the Home Affordable Refinance Program; and the Home Affordable Foreclosure Alternatives Program.